Categories: Technical analysis

Monero Wave Analysis – 29 April 2025

Monero: ⬆️ Buy

– Monero broke resistance area

– Likely to rise to resistance level 300.00

Monero cryptocurrency recently broke the resistance area between the resistance level 240.40 (former multi month high from the start of this year) and the resistance trendline of the weekly up channel from the middle of 2024.

The breakout of this resistance area accelerated the active short-term impulse wave 5, which belongs to wave (3) from the start of 2024.

Given the clear weekly uptrend, Monero can be expected to rise toward the next round resistance level 300.00.

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

Share
Published by
The FxPro Tech Analysis Team
Tags: Monero

Recent Posts

The crypto market is updating its lows but avoiding sharp changes

Market Picture The crypto market set another trap for bulls yesterday afternoon, jumping to $3T…

25 minutes ago

JPMorgan Chase Wave Analysis – 18 December 2025

JPMorgan Chase: ⬇️ Sell - JPMorgan Chase reversed from resistance area - Likely to fall…

11 hours ago

EURUSD Wave Analysis – 18 December 2025

EURUSD: ⬇️ Sell - EURUSD reversed from resistance area - Likely to fall to support level…

11 hours ago

AUDJPY Wave Analysis – 18 December 2025

AUDJPY: ⬆️ Buy - AUDJPY reversed from support area - Likely to rise to resistance…

12 hours ago

Palladium Wave Analysis – 18 December 2025

Palladium: ⬆️ Buy - Palladium broke multi-month resistance level 1600.00 - Likely to rise to resistance…

12 hours ago

GBPUSD. Current situation #tradelikeapro #trading #tradingstrategy #tradingshorts #gbpusd #gbp

Today is Thursday, the 18th of December, and we'll be talking about the British pound…

17 hours ago

This website uses cookies